Regions
Opportunistic Buyer Seeks Second-Tier Multifamily
New York–The feeding frenzy is on for trophy multifamily properties in top-tier markets.
With Money In Hand Education Realty Trust Starts $35M Student Housing Project in Pennsylvania
Mansfield, Pa.–Financing for the development of a new student housing project at Mansfield University in Mansfield, Penn., has just closed and, with, funds in place for the $35 million endeavor, developer Education Realty Trust Inc. has commenced construction.
DEAL OF THE DAY: Arbor Closes $2.7M Refinance for Small Loan
Mankato, Minn. – Arbor Commercial Funding, LLC recently funded a $2,866,500 mortgage under the Fannie Mae DUS Small Loan product line for the 70-unit complex known as Village Place Apartments in Mankato, Minn. The 10-year loan amortizes on a 30-year schedule.
MHN Interview With Evan Gladstone: High Demand for Foreclosed Multifamily Now
Evan Gladstone talks to MHN about distressed multifamily properties.
Apartment Market Weathered ’09 Reasonably Well: IREM
Chicago–Though the apartment industry has seen better years, 2009 wasn’t a terrible one in a number of ways for the industry, according to a new benchmarking study published by the Institute of Real Estate Management (IREM).
New Green Developer Transforms Brownfield into Residential Project in Oberlin, Ohio
Oberlin, Ohio–Sustainable Community Associates Inc., a newly established real estate company, has just completed its first project, a Brownfield reclamation endeavor that has resulted in a new mixed-use residential property in Oberlin, Ohio.
DEAL OF THE DAY: NorthMarq Arranges $10.35M in Capital Markets, Early-Rate-Lock Execution
Lakeside, Calif.–NorthMarq Capital completed a first mortgage financing of $10.35 million for Stoneridge Apartments, a 132-unit multifamily property located at 12840-12854 Mapleview Street in Lakeside, Calif.
Apartment Property in Hoboken Gets LEED Gold Certification, A First for its Developer
Hoboken, N.J.–Berkshire at the Shipyard, a new 93-unit apartment building in Hoboken, N.J., has just achieved LEED Gold certification from the U.S. Green Building Council.
MHN Interview with Ken Ryan: TODs Are about Choice, Not Sacrifice
Ken Ryan of KTGY Group talks to MHN about the issues that are impacting sustainable transportation solutions, transit-oriented developments/districts (TODs) and the challenges in accomplishing the design and pragmatic goals for a TOD.
DEAL OF THE DAY: Wood Partners and Area Property Acquires Condo Construction in Miami
Miami–Wood Partners and AREA Property Partners have closed on the acquisition of Terrazas River Park Village, a 324-unit Class A property along the Miami River.